That reminded me of something scary*: http://www.kontraband.com/html/all/...EVID=932&DISPLAYORDER=20030910000019&CAT=pics *Following this link is at your own risk. Mature audiences only.
Hypo, observations of an observer. You have drilled so far down into the mkt, two second tick charts, that the next face you see may be Chinese. In the end scalping is the product of fear, fear of being exposed to risk , risk representing potential for loss and resolved by limiting the time in the trade, mandating scalping. There is another point of perception available. Time in the trade is percieved as opportunuty for potential profit, an easy intellectual acceptance but not such an easy emotional acceptance. Reason being that we have absorbed the first all of our lives and must make conscious efforts to climb out of the synaptic ruts our minds have formed to accomplish the latter. We must befriend time. If one thinks about it there is nothing else to do as time is not going away. Time is not a function of price, price is a function of time. Time always contains a dynamic, an emotional timber. The problem with systems is that they are just there, an algorythm that functions without knowledge of the dynamic of the time they are functioning within.Stapling a piece of wood to another is the same event as stapling your neighbors ears to a wall to the staple gun. This element , the dynamic of time, is context, the context that the mkt is functioning ( price movement) in. These *layers* of context are layers of the larger*macro* realities of the mkt functions that any system will find itself working ,or not, within. I've had enough chardonnay to bequeath to you the secretes of the cuna. The cuna are the native indians of the San Blas islands off the east coast of Panama that I spent some time with. They are the the origin of Panama Red if you were a weed afficcianado at a particular moment in time. In order for me to attain these secrets I had to participate in barbeques of unknown orgin and have a bone inserted thru my nose , I keep it in my pocket when in the city. These are the macro context layers of the mkts from largest, most important to smallest least important. 1, the female macro, this trumps everything, it includes, news, eps, geopolitical news, anything that causes absurd over reaction, ( considered a female quality). 2, male macro, the accumulation from march '03, metered intent with structure towerd and end, an intellectual decision by the accumulators. 3 Time, the ebb and flow of the day . Number three is always in force unless # 1 is running amok. The mkt is a female characteristic, it needs constant reasurance and and lives on the edge of fear. If you know where the mkt is in terms of context dynamic you know which system to apply. I should mention that if you misuse this information you will encounter strange people on moonless nights.
...I will petition Baron to create a "Post-of-the-Month" award with multiple categories. Banjo's post wins the award for "Best Channeling of a Dead And/Or Disgraced Guru". Unless Banjo is as old as me (and remembers when the cigarette company warehouses were allegedly stocked with Acapulco Gold awaiting the longed-for legalization), he is possessed of the spirit of Carlos Castenada. Amid swirls of pungent smoke and the sickly-sweet aroma of roasting long pig, he pierces the veil of reality and sees the market as the twitchy neurotic bitch she really is. Now I know how to approach the market: treat her like she is my ex. P.S.: Seemingly benevolent father time also allows risk to increase as roughly the square root of the increase in the duration.
...does he have a system? I though he only turned up to goad me to ever more ludicrous follies. Might as well, VoodooJack didn't pan out. But I am going to plagiarize the Hindu-ese Stretch and rename it the Hypo-Hyper-Hypno. Working great today. It is not only hypocoristic, it is also hypomanic, hypostatic, and hypothetical! It is getting tougher and tougher to post rationally in between five second bars. But as Jack says, we have entered into CCC (convulsion, convolution, and constipation) for the day, so what else is there to do but post inanely while waiting for bulgeout? P.S.: there have been three HHH short scalps so far this morning in NQ. If you didn't take them, then you are not yet at the Expert level.
That is to be revealed to us soon, I sincerely hope. I like the above open secrets particularly when mentioning Price Movement (which you must notice is part of my profile signature today).